Proof of Life in Housing, PPI

Real quick…just when you thought yesterday’s pause for stocks might develop into some sideways action, we get a big, fat jump in the PPI and some “proof of life” in Housing Starts to boot!  Who knew?

Here’s the AP via USA Today:

Wholesale prices rose sharply in January due to higher costs for gasoline, pharmaceuticals and other goods. Even excluding the volatile food and energy categories, wholesale prices rose by the most since October 2008.


In a second report, the Commerce Department said Wednesday that builders started work on more homes in January, pushing construction up by the largest amount in 20 months. But the pace remains far below what is considered healthy.

Builders broke ground on new homes and apartments at a seasonally adjusted annual rate of 596,000 units, a 14.6% jump from December.

And just as a cherry on top, Dell beat earnings (I know!) and Sanofi said it will finally make an honest woman out of Genzyme with a $20 billion marriage proposal.

Carry on.

This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

Wealthcast Media, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. Investments in securities involve the risk of loss. For additional advertisement disclaimers see here:

Please see disclosures here.

What's been said:

Discussions found on the web
  1. best site to buy dumps commented on Feb 06

    … [Trackback]

    […] Information to that Topic: […]